23-Unit Apartment
For Sale
$1,400,000
1418 Lynn St, Thibodaux, LA 70301
R-3-zoned multifamily property with studio, one-bedroom, and two-bedroom apartment layouts.
Property Size16,669 SF
Lot Size1.10 Acres
Price / SF$83.99
Days on Market544
Property Features for 1418 Lynn St
General Information
Standard status
Active
Size
16,669 SF
Total Parking Spaces
31
Lot size
1.10 Acres
Property subtype
Multifamily
Zoning
R-3
Occupancy
92%
Property Condition
Severity
Major Repairs Needed
Evidence
gutted
Additional Details
Gross Income
$223,500
Road Access
Yes
Multifamily Units
23
Amenities
31 Parking Spaces
Building Details
Year Built
1979
Buildings
2
Listing Agency:
LPT Realty, LLC Hammond
(936) 718-6599
Listed By:
Brian Boatman · License #995705516
(936) 718-6599
Source:
Lacdb.resimplifi
Added: Mar 3, 2025
Changed: Aug 28
Last Checked: Aug 28 at 9:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC Hammond
Investment Insights
Based on property information with market context.
This 23-unit apartment property at 1418 Lynn Street includes approximately 16,669 square feet on approximately 1.1 acres. Built in 1979, the complex offers a mix of studio, one-bedroom, and two-bedroom units. The two buildings received new roofs in 2022, and the property is outside a flood zone.
Current occupancy is 92%, with 21 of 23 units occupied. Two vacant apartments have been gutted and require renovation before leasing. The site provides 25+ paved parking spaces. Canal Blvd and downtown Thibodaux are less than half a mile away, while Nicholls State University is less than 10 minutes from the property.
Current occupancy is 92%, with 21 of 23 units occupied. Two vacant apartments have been gutted and require renovation before leasing. The site provides 25+ paved parking spaces. Canal Blvd and downtown Thibodaux are less than half a mile away, while Nicholls State University is less than 10 minutes from the property.
Key Highlights
- 23‑unit apartment complex with studio, one‑bedroom, and two‑bedroom units
- Approximately 16,669 SF on approximately 1.1 acres
- 92% occupied, with 21 of 23 units leased
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
92%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 70301, LA
46,661
Population
20,993
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
88%
High-School Grad
283.8 sq mi
ZIP Area
164
Density / Sq Mi
$62,470
Median Household Income
$42,296
Median Earnings
$1,008
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R-3-zoned multifamily property with studio, one-bedroom, and two-bedroom apartment layouts.
Where is this apartment building located?
The property is located at 1418 Lynn St Thibodaux, LA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 23‑unit apartment complex with studio, one‑bedroom, and two‑bedroom units; Approximately 16,669 SF on approximately 1.1 acres; 92% occupied, with 21 of 23 units leased
